Ledyard Financial Group Declares Increase to Quarterly Dividend

Rhea-AI Summary

Ledyard Financial Group (LFGP) announced a $0.01 increase to its quarterly dividend, bringing it to $0.21 per share, payable on December 3, 2021.

Shareholders of record as of November 19, 2021 will benefit from this increase, demonstrating the company’s ability to navigate through the pandemic and the strength of its core businesses.

Despite uncertainties ahead, Ledyard expresses confidence in its positioning for future growth.

Positive

• Quarterly dividend increased by $0.01 to $0.21 per share.
• Dividends demonstrate strong earnings growth and resilience during the pandemic.

Negative

• Unclear path ahead due to ongoing uncertainties.
• Forward-looking statements indicate potential risks related to economic conditions.

HANOVER, N.H.--(BUSINESS WIRE)-- Ledyard Financial Group (Ticker Symbol: LFGP) announced a $0.01 increase to its quarterly dividend. The dividend of $0.21 is payable December 3, 2021, to shareholders of record as of November 19, 2021. Ledyard’s continued ability to navigate the organization through the prolonged pandemic and the strength in our core businesses supports our ability to increase the dividend this quarter to ensure shareholders benefit from the Company’s growth in earnings. The path ahead remains unclear, but we are confident we are well positioned for the future.

Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned “OTC Markets” under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the “Investor Relations” section of the bank’s website at www.ledyardbank.com or contact the bank’s Chief Financial Officer, Gregory D. Steverson. greg.steverson@ledyardbank.com

Forward-Looking Statements: Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the effect of changes in equity prices on assets under management, the ability to control costs and expenses, changes in the interest rate environment, financial policies of the United States government, and general economic conditions. The Company disclaims any obligation to update any such factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005350/en/

Greg Steverson, COO, EVP & CFO

Greg.steverson@ledyardbank.com

(603) 640-2666

Source: Ledyard Financial Group, Inc.

FAQ

What is the new dividend amount for LFGP?

Ledyard Financial Group has increased its quarterly dividend to $0.21 per share.

When is the dividend payable for LFGP?

The dividend for LFGP is payable on December 3, 2021.

What date is the record for LFGP shareholders to receive the dividend?

Shareholders of record as of November 19, 2021, will receive the dividend.

What factors could affect LFGP's future performance?

Potential risks include loan production, competitive pressure, interest rate changes, and general economic conditions.